Research on the Environmental Factors Causing Accounting Differences Between China and Foreign Countries

Abstract

The official release of China’s new accounting standards has realized the convergence of its accounting standards and international accounting practices. However, affected by factors such as the economic environment, political environment, social culture, law, and tax system, there are still some differences between China’s accounting standards and international accounting standards, which will have a certain impact on the realization of the integration of accounting standards. Therefore, this paper analyzes the environmental factors of accounting differences between China and foreign countries, as well as explores specific measures to reduce the accounting differences between China and foreign countries, aiming to provide some useful references and promote the internationalization of China’s accounting standards.